Tembo Global Industries Limited has informed the Exchange regarding allotment of 294068 securities pursuant to Preferential Issue through Circular Resolution passed by the Board of Directors on November 24, 2025
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Tembo Global Industries has informed the stock exchange that it has allotted 294,068 securities to certain investors under a preferential issue. The allotment was approved by the Board of Directors through a circular resolution dated November 24, 2025. The company has not disclosed the issue price, the names of the allottees, or the purpose for which funds are being raised. Preferential issues are private placements made to a select group of investors rather than to the public. Shareholders should wait for further disclosures on pricing and the identity of the allottees to assess dilution and the quality of incoming investors.
The preferential allotment will result in dilution of existing shareholders' holdings. The lack of disclosed pricing or investor details means the impact on the stock price remains unclear until further information is shared.